USDRUB back to preinvasion levels watch USDPLN and USDHUF
Eastern European EM pairs may be a good alternative to USD/RUB for the short-term trader.
Source: cityindex.co.uk
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Eastern European EM pairs may be a good alternative to USD/RUB for the short-term trader.
There is a strong positive correlation between the direction of WTI Crude Oil and USD/HUF
If USD/RUB continues moving higher, then given the strong correlations, the Eastern European EMs may move higher with it!
There are some Eastern European Emerging Market currencies which are highly correlated with USD/RUB.
Where can traders turn if they are interested in taking advantage of the move in USD/RUB? They can look west to USD/PLN, USD/HUF and USD/CZK.